By Paige Yowell
World-Herald staff writer 

Sidney, Cabela's partnership may remain, residents hope

If Bass Pro is the buyer, Cabela's headquarters in Sidney could close

 

Keith Hansen

Reuters news service reported Tuesday that Cabela's, which employs nearly one-third of the Sidney population, is one step closer to being purchased by Missouri-based Bass Pro now that the company has teamed up with New York investment bank Goldman Sachs. A sale could mean cutting overlapping operations, such as the Sidney-based headquarters.

The worst fears of Sidney, Nebraska, could soon come to pass if Bass Pro Shops buys Cabela's, the local retailer that employs 2,000 people in the town of 6,800.

Bass Pro is one step closer to purchasing Cabela's now that it has teamed up with New York investment bank Goldman Sachs, whose private-equity branch will provide the financial muscle to do a deal, the Reuters news service reported Tuesday, without citing sources.

That could be good news for Cabela's shareholders: The company's stock shot nearly 6.5 percent higher on news of a possible deal. But it could be a disaster for Sidney, a...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018

Rendered 09/21/2018 22:39